The Portfolio Armor Substack

The Portfolio Armor Substack

Order Text

Trade Entry Instructions — September 10th, 2026 — Second Trade

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Portfolio Armor
Sep 10, 2026
∙ Paid

Genmab (GMAB)

Enter these legs together as one complex order:

  1. Buy to open 2 GMAB February 19, 2027 $40 calls,

  2. Sell to open 1 GMAB January 15, 2027 $40 call,

  3. Sell to open 1 GMAB February 19, 2027 $30 put,

  4. Buy to open 1 GMAB February 19, 2027 $25 put,

Maximum net debit: $1.60

Order: Day

Maximum gain: Uncapped

Maximum loss: $660

The complete position contains two lo…

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